Aramark (NYSE:ARMK) Posts Quarterly Earnings Results, Meets Expectations

Aramark (NYSE:ARMK) announced its quarterly earnings results on Monday. The company reported $0.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.54, Briefing.com reports. The firm had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $4.46 billion. Aramark had a net margin of 1.93% and a return on equity of 14.09%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period last year, the firm posted $0.64 EPS. Aramark updated its FY 2025 guidance to 1.910-1.980 EPS.

Aramark Price Performance

Shares of ARMK opened at $38.67 on Tuesday. The company has a current ratio of 0.96, a quick ratio of 0.86 and a debt-to-equity ratio of 1.71. The stock has a market cap of $10.19 billion, a P/E ratio of 29.52 and a beta of 1.62. The stock’s 50-day moving average price is $38.11 and its two-hundred day moving average price is $35.06. Aramark has a 1 year low of $25.92 and a 1 year high of $42.04.

Aramark Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Monday, December 2nd will be issued a $0.001 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.00 dividend on an annualized basis and a yield of 0.01%. Aramark’s dividend payout ratio is presently 29.01%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ARMK. Truist Financial increased their price target on Aramark from $37.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, September 12th. Robert W. Baird increased their price objective on shares of Aramark from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. The Goldman Sachs Group boosted their target price on shares of Aramark from $38.00 to $41.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft raised shares of Aramark from a “hold” rating to a “buy” rating and increased their price target for the company from $36.00 to $39.00 in a research note on Wednesday, August 7th. Finally, StockNews.com upgraded shares of Aramark from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Aramark currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.35.

About Aramark

Aramark provides food and facilities services to education, healthcare, business and industry, sports, leisure, and corrections clients in the United States and internationally. It operates through two segments, Food and Support Services United States, and Food and Support Services International. The company offers food-related managed services, including dining, catering, food service management, and convenience-oriented retail services; non-clinical food and food-related support services, such as patient food and nutrition, retail food, environmental services, and procurement services; and plant operations and maintenance, custodial/housekeeping, energy management, grounds keeping, and capital project management services.